SOMI (Somnia) has fallen 33.55% in the last 24 hours.

2025-09-03 00:25:36

Gate News Bot news, on September 3rd, according to CoinMarketCap, as of the time of writing, SOMI (Somnia) is currently priced at $0.46, falling 33.55% in the last 24 hours, with a high of $1.63 and a low of $0.42. The 24-hour volume reached $261 million. The current market capitalization is approximately $73.331 million, a decrease of about $37.006 million compared to yesterday.

Recent important news about SOMI:

1️⃣ Gate launches SOMI spot trading Gate will launch Somnia on September 2, 2025, at 22:30 ( UTC+8 019283746656574839201 for spot trading, with the trading pair being SOMI/USDT. Somnia is an L1 blockchain and a full-chain protocol project connecting the metaverse, aimed at building an open and unified virtual society. The project is developed by the non-profit organization Virtual Society Foundation ) VSF (, jointly initiated by MSquared and Improbable, providing infrastructure for developers for NFT upgrades and content creation.

2️⃣ SOMI Perpetual Contract Upgrade Gate will complete the migration of SOMIUSDT pre-market perpetual contracts to formal perpetual contracts by September 2, 2025, 23:30 ) UTC+8. After the migration is completed, the SOMIUSDT formal perpetual contracts will support 1-50 times leverage for long and short operations, and the relevant risk limit trading parameters will also be updated accordingly. This upgrade provides investors with more trading options, but it also increases potential risks.

3️⃣ Significant short-term market fluctuations SOMI experienced significant fluctuations shortly after its launch. It peaked at $1.63 and then quickly fell to around $0.42, with a decline of over 33% within 24 hours. This extreme volatility reflects the high-risk nature of newly launched tokens and may also be related to insufficient initial liquidity.

As a newly launched token related to the metaverse, SOMI may continue to exhibit high volatility in the short term. Investors should closely monitor project developments and market trends, and carefully assess risks.

This message is not an investment advice, and investors should pay attention to market volatility risks.

SOMI-0.87%

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